1415 E 71st Place Chicago, IL 60619
Grand Crossing NeighborhoodEstimated payment $3,728/month
Highlights
- Forced Air Heating System
- 5-minute walk to Stony Island Station
- 5-minute walk to Chestnut Park
About This Home
Well-maintained and fully rented three-unit brick building offering strong in-place income with clear upside. Each unit features a consistent 3 bedroom, 2 bathroom layout with modern flooring, updated bathrooms, open living areas, and functional kitchens. Built in 2006 with solid construction, the property has a replaced roof and no known deferred maintenance. Units are occupied on year-to-year leases with rents currently below market, providing an opportunity for future rent growth. Tenants pay gas and electric; owner pays water. Three exterior parking spaces included. Conveniently located near public transportation, neighborhood retail, and major corridors, with easy access to South Shore, Lake Michigan, and downtown Chicago, making this an attractive option for investors or owner-occupants seeking a stabilized, financeable asset. (Pictures Coming Soon!)
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2006
Lot Details
- Lot Dimensions are 25x125
- Additional Parcels
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 6 Bathrooms
Parking
- 3 Parking Spaces
- Parking Available
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,717 | $37,800 | $2,878 | $34,922 |
| 2024 | $5,717 | $37,800 | $2,878 | $34,922 |
| 2023 | $5,553 | $27,001 | $3,998 | $23,003 |
| 2022 | $5,553 | $27,001 | $3,998 | $23,003 |
| 2021 | $5,429 | $26,999 | $3,997 | $23,002 |
| 2020 | $4,923 | $22,097 | $3,517 | $18,580 |
| 2019 | $4,988 | $24,829 | $3,517 | $21,312 |
| 2018 | $4,905 | $24,829 | $3,517 | $21,312 |
| 2017 | $4,534 | $21,061 | $3,198 | $17,863 |
| 2016 | $4,218 | $21,061 | $3,198 | $17,863 |
| 2015 | $3,859 | $21,061 | $3,198 | $17,863 |
| 2014 | $3,266 | $17,604 | $2,558 | $15,046 |
| 2013 | $3,202 | $17,604 | $2,558 | $15,046 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/21/2026 01/21/26 | For Sale | $625,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12551642
APN: 20262060540000
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